Carillion crisis ‘could happen again’
It’s bust and gone, isn’t it?
At the same time the public sector has become too reliant on a small handful of big businesses which are effectively “too big to fail” as they run vast swathes of public services with little effective competition.
Carillion, the UK’s second-largest builder and a major supplier of outsourced services, collapsed in January.
And, err, that we’ve just allowed one to fail shows that they’re not to o big to fail, no? For what it means is not one too big for it to be easy for us to let it fail, not one too big for us to be happy if it fails, but one so big that we cannot allow it to fail.